Norges Bank Portfolio holdings
Norges Bank, established in 1816 and headquartered in Oslo, Norway, serves as the central bank of Norway, responsible for monetary policy, issuing the Norwegian krone, and maintaining financial stability. Beyond its traditional central banking role, it oversees the management of the Government Pension Fund Global (often called the Norwegian Oil Fund), one of the world’s largest sovereign wealth funds, valued at over $1 trillion, which invests Norway’s oil and gas revenues in global equities, bonds, and real estate. The fund’s investment arm, Norges Bank Investment Management (NBIM), operates independently to ensure long-term wealth preservation for future generations, emphasizing sustainable and ethical investing practices. With its dual role, Norges Bank uniquely blends central banking duties with stewardship of a massive global investment portfolio.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$1.03B |
| 2 |
Apple
AAPL
|
+$741M |
| 3 |
Microsoft
MSFT
|
+$710M |
| 4 |
Tesla
TSLA
|
+$495M |
| 5 |
Amgen
AMGN
|
+$474M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$915M |
| 2 |
Cigna
CI
|
+$517M |
| 3 |
UBS Group
UBS
|
+$413M |
| 4 |
Morgan Stanley
MS
|
+$300M |
| 5 |
AstraZeneca
AZN
|
+$279M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.58% |
| 2 | Financials | 14.36% |
| 3 | Healthcare | 14.17% |
| 4 | Consumer Discretionary | 11.44% |
| 5 | Communication Services | 8.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1226
Helen of Troy
HELE
$671M
| $19M | 0.01% |
196,685
+9,088
| +5% | +$1.17M |
|
1227
Spire
SR
$4.78B
| $19M | 0.01% |
304,210
+6,420
| +2% | +$459K |
|
1228
Ambarella
AMBA
$3.68B
| $18.9M | 0.01% |
337,269
+7,413
| +2% | +$549K |
|
1229
Helios Technologies
HLIO
$2.72B
| $18.9M | 0.01% |
374,436
+7,258
| +2% | +$439K |
|
|
CD
1230
DELISTED
Chindata Group Holdings Limited American Depositary Shares
CD
| $18.9M | 0.01% |
2,343,049
+1,953,049
| +501% | +$15M |
|
1231
First Financial Bancorp
FFBC
$3.55B
| $18.9M | 0.01% |
897,549
| – | – |
|
1232
Four Corners Property Trust
FCPT
$2.75B
| $18.9M | 0.01% |
781,508
+44,643
| +6% | +$1.23M |
|
1233
Carter's
CRI
$1.48B
| $18.8M | 0.01% |
287,165
-34,800
| -11% | -$2.66M |
|
1234
Cinemark Holdings
CNK
$4.4B
| $18.8M | 0.01% |
1,552,065
-747,609
| -33% | -$11.7M |
|
1235
Axos Financial
AX
$5.78B
| $18.8M | 0.01% |
548,282
+24,723
| +5% | +$1M |
|
1236
Q2 Holdings
QTWO
$3.95B
| $18.8M | 0.01% |
582,720
+46,500
| +9% | +$1.89M |
|
1237
World Kinect Corp
WKC
$1.9B
| $18.7M | 0.01% |
798,303
+224,600
| +39% | +$5.57M |
|
|
CSGS
1238
DELISTED
CSG Systems International
CSGS
| $18.7M | 0.01% |
353,281
-17,400
| -5% | -$1.01M |
|
1239
Cavco Industries
CVCO
$4.45B
| $18.7M | 0.01% |
90,711
+2,378
| +3% | +$564K |
|
1240
Werner Enterprises
WERN
$2.21B
| $18.7M | 0.01% |
496,123
+61,200
| +14% | +$2.49M |
|
1241
Arcosa
ACA
$7.12B
| $18.6M | ﹤0.01% |
325,429
+68,741
| +27% | +$3.81M |
|
1242
Jackson Financial
JXN
$9.03B
| $18.4M | ﹤0.01% |
663,729
+88,497
| +15% | +$2.61M |
|
1243
Graham Holdings Company
GHC
$5.06B
| $18.4M | ﹤0.01% |
34,136
+8,400
| +33% | +$4.8M |
|
1244
Corcept Therapeutics
CORT
$11.7B
| $18.3M | ﹤0.01% |
713,227
+19,402
| +3% | +$519K |
|
1245
Hewlett Packard
HPE
$69.4B
| $18.3M | ﹤0.01% |
1,525,559
-592,746
| -28% | -$8.05M |
|
1246
Grocery Outlet
GO
$959M
| $18.3M | ﹤0.01% |
548,391
+109,185
| +25% | +$4.44M |
|
1247
Scorpio Tankers
STNG
$3.83B
| $18.3M | ﹤0.01% |
434,213
+46,927
| +12% | +$1.87M |
|
1248
Hain Celestial
HAIN
$53.5M
| $18.2M | ﹤0.01% |
1,079,596
-36,654
| -3% | -$788K |
|
1249
Factset
FDS
$9.77B
| $18.2M | ﹤0.01% |
45,515
+12,048
| +36% | +$5.1M |
|
1250
McGrath RentCorp
MGRC
$2.97B
| $18.2M | ﹤0.01% |
216,489
| – | – |
|
Similar funds
Norges Bank's Q3 2022 Portfolio in Review
As of Q3 2022, Norges Bank held 2,179 positions worth $376B, down 2.8% from $387B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Norges Bank's Q3 2022 filing shows 127 new, 1,072 increased, 569 reduced and 90 closed positions. Its largest new stake was Neogen: 14,429,817 shares worth $202M. The largest sale was Alphabet (Google) Class C, an estimated $915M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 24% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q3 2022 buy was Neogen: 14,429,817 shares worth $202M.
- Norges Bank added most to Alphabet (Google) Class A in Q3 2022, an estimated $1.03B increase.
- Norges Bank's biggest Q3 2022 reduction was Alphabet (Google) Class C, cutting an estimated $915M.
- Norges Bank fully exited SailPoint Technologies Holdings, Inc. Common Stock in Q3 2022, selling an estimated $93.7M.
- Norges Bank's ten largest holdings make up 24% of its $376B portfolio in Q3 2022.
- Norges Bank opened 127 new positions and closed 90 in Q3 2022.
- Norges Bank's portfolio value fell 2.8% quarter-over-quarter to $376B.
Based on Norges Bank's 13F filing for Q3 2022, filed 14 Nov 2022.